FedEx
Some of the key events about FedEx
- 1971Founded as Federal Express Corporation, pioneering overnight delivery services
- 1973Launched operations with 14 small aircraft serving 25 cities
- 1975FedEx faced near-bankruptcy and was denied a crucial loan
- 1978Went public on the New York Stock Exchange
- 1983Introduced the "ZapMail" fax service, an early adoption of electronic document delivery
- 1984Expanded internationally with service to Europe and Asia
- 1994Launched fedex.com, one of the first major e-commerce websites
- 1994The company was fined $3.5 million for hazardous waste violations
- 1995Acquired Flying Tigers, significantly expanding its international reach
- 1997FedEx pilots went on strike, disrupting operations
- 2000Rebranded as FedEx Express and expanded its portfolio of services
- 2002The company paid $26.8 million to settle a racial discrimination lawsuit
- 2004Acquired Kinko's, expanding into retail and office services
- 2011FedEx agreed to pay $8 million to settle allegations of overcharging government customers
- 2014FedEx was indicted for shipping illegal online pharmacy drugs
- 2016Completed the acquisition of TNT Express, strengthening its global network
- 2016The company paid $240 million to settle driver misclassification lawsuits
- 2018FedEx experienced a major cybersecurity breach affecting customer data
- 2019The company ended its ground delivery contract with Amazon
- 2020FedEx faced criticism for poor handling of COVID-19 vaccine shipments
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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